Tuesday, January 23, 2018

M&A

Honan Insurance gets MAS nod to acquire NGA Benefits

Honan Insurance gets MAS nod to acquire NGA Benefits

The Australian-owned insurance broking company said the acquisition is part of its continuing investment in South-East Asia.

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Ergo, Manulife in talks to buy stake in IndiaFirst Life

Ergo, Manulife in talks to buy stake in IndiaFirst Life

The potential buyers are eyeing the stake owned by the UK’s Legal & General Group, which is up for sale.

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CBA eyes selling stake in Indonesian venture

CBA eyes selling stake in Indonesian venture

The sale of a majority stake in Commonwealth Life could value the insurer at up to US$250m.

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Rise in M&A deals will fuel insurance demand in 2018

Rise in M&A deals will fuel insurance demand in 2018

The value of deals is expected to exceed US$3tr this year, according to XL Catlin’s head of M&A.

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Axis Bank seeks to acquire insurance firm

Axis Bank seeks to acquire insurance firm

The third-largest private-sector bank in India is exploring opportunities in the fast-growing life sector.

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Great Eastern may shed stake in Malaysian operations

Great Eastern may shed stake in Malaysian operations

The insurer is reported to be in talks with Malaysian banks regarding the possible sale.

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Singapore Life to buy Zurich Life Singapore portfolio

Singapore Life to buy Zurich Life Singapore portfolio

All policies are expected to be completely transferred during the first half of the year.

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Sompo Holdings to buy Lexon units

Sompo Holdings to buy Lexon units

The deal to acquire the second-biggest surety insurer in the US is estimated at up to US$266m.

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Zurich buys HK telematics startup Bright Box

Zurich buys HK telematics startup Bright Box

The company provides smartphone-based cloud technology that links drivers, vehicles and automakers.

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Amazon to invest in Indian insurance startup

Amazon to invest in Indian insurance startup

Mumbai-based online insurance startup Acko is in talks to secure funding from the global e-commerce player.

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Three insurers in bidding to buy India’s Star Health

Three insurers in bidding to buy India’s Star Health

ICICI Lombard, HDFC Ergo and Bajaj Allianz have joined the race to buy India’s biggest standalone health insurer.

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Malaysia’s AmBank eyes sale of insurance unit

Malaysia’s AmBank eyes sale of insurance unit

The lender is aiming to offload some of its non-core businesses and focus on its primary operations.

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Zurich agrees to buy ANZ life insurance arm for US$2.1bn

Zurich agrees to buy ANZ life insurance arm for US$2.1bn

The Swiss insurer will become the biggest insurance company in the country after the deal.

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ANZ nears final stage of sale of life insurance unit

ANZ nears final stage of sale of life insurance unit

A deal will likely be completed in the latter half of 2018 if the transaction is signed next week.

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Ping An on the hunt for more tech investment abroad

Ping An on the hunt for more tech investment abroad

The company’s innovation drive includes a facial recognition app that can spot lying borrowers.

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NTUC Income taps Fullerton to manage US$23bn in assets

NTUC Income taps Fullerton to manage US$23bn in assets

The partnership is seen to create more opportunities to explore innovative investment products.

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Steadfast to buy Whitbread Insurance for US$72m

Steadfast to buy Whitbread Insurance for US$72m

Australia’s biggest network of insurance brokers and advisers said it would finance the acquisition with a A$100m institutional placement.

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CVS Health moves closer to Aetna purchase

CVS Health moves closer to Aetna purchase

Talks regarding the US$66bn deal are reportedly at an advanced stage and could be concluded today.

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